There is a trading opportunity to buy in REQUSD

30. Okt. 2018

Technical analysis:
. RequestNetwork/USDollar is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 48.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0470 to 0.0290). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.0470)
Ending of entry zone (0.0290)

Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:

Take Profits:
TP1= @ 0.0913
TP2= @ 0.1328
TP3= @ 0.1934
TP4= @ 0.3155
TP5= @ 0.4931
TP6= @ 0.6071
TP7= @ 0.7804
TP8= @ 0.9850
TP9= @ 1.2450
TP10= Free